$BRRR Bitcoin Spot ETF Performance After Jan 11 Debut- Selloff to start the trading day
- Potential reversal forming around $13.25 with wicks below
- Low trading volume = Only $508k and counting
Key stats
About Coinshares Bitcoin ETF
Home page
Inception date
Jan 10, 2024
Structure
Grantor Trust
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Valkyrie Funds LLC
ISIN
US91916J1007
BRRR aims to track the spot price of Bitcoin (BTC), less liabilities and expenses. It intends to provide investors with a cost-effective and convenient way to invest in Bitcoin. The fund owns Bitcoin directly and holds it in a cold storage wallet, which is a safeguarding method wherein the private keys providing access to the funds Bitcoins are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily based on the CME CF Bitcoin Reference Rate - New York Variant. This serves as a once-a-day benchmark rate of Bitcoins USD price, calculated as of 4:00 pm ET. The index aggregates the trade flow of several Bitcoin platforms during an observation window, focusing on relevant transactions, as defined by the index provider. At the time of launch, the Issuer waived a portion of the fee. The funds expense ratio and tracking should be reviewed and considered for comparison purposes.
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Classification
Symbol
Geography
Global
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BRRR assets under management is 702.56 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BRRR expense ratio is 0.25%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BRRR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, BRRR doesn't pay dividends to its holders.
BRRR shares are issued by Coinshares International Ltd.
BRRR follows the CME CF Bitcoin Reference Rate - New York Variant - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 10, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.